Trade Tracker: Jim Lebenthal sells MP Materials

Stock Performance - MP Materials' stock has increased significantly: up 50% in one month, 105% in six months, and 158% in twelve months [1] Investment Strategy - The analyst is selling MP Materials, viewing it as a trade war play that has already materialized [1] - The analyst believes the stock is now fully priced [2] - The analyst anticipates more potential for positive trade war news than negative [2] Company Outlook - The company is expected to perform well in the coming years by mining and refining rare earth elements, and building magnets [2] Risk Assessment - There is a possibility that China could restrict rare earth elements again, although it is not the base case [3]